JPMorgan Chase & Co. grew its position in shares of Terreno Realty Co. (NYSE:TRNO - Free Report) by 2.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,264,657 shares of the real estate investment trust's stock after acquiring an additional 35,034 shares during the quarter. JPMorgan Chase & Co. owned about 1.27% of Terreno Realty worth $74,792,000 at the end of the most recent quarter.
A number of other large investors also recently modified their holdings of the company. Vanguard Group Inc. increased its position in Terreno Realty by 10.8% during the 4th quarter. Vanguard Group Inc. now owns 15,256,900 shares of the real estate investment trust's stock worth $902,293,000 after purchasing an additional 1,484,301 shares in the last quarter. Geode Capital Management LLC increased its position in shares of Terreno Realty by 0.4% in the third quarter. Geode Capital Management LLC now owns 2,415,004 shares of the real estate investment trust's stock worth $161,423,000 after acquiring an additional 8,940 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of Terreno Realty by 6.4% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,838,503 shares of the real estate investment trust's stock valued at $108,729,000 after acquiring an additional 110,610 shares during the period. Thrivent Financial for Lutherans lifted its holdings in shares of Terreno Realty by 1.2% during the 4th quarter. Thrivent Financial for Lutherans now owns 1,288,168 shares of the real estate investment trust's stock valued at $76,183,000 after acquiring an additional 14,995 shares in the last quarter. Finally, Copeland Capital Management LLC boosted its position in Terreno Realty by 7.1% during the 4th quarter. Copeland Capital Management LLC now owns 1,209,144 shares of the real estate investment trust's stock worth $71,509,000 after purchasing an additional 79,701 shares during the period.
Terreno Realty Stock Down 4.6 %
Shares of Terreno Realty stock traded down $2.43 during trading on Tuesday, reaching $50.97. The company had a trading volume of 1,619,007 shares, compared to its average volume of 892,058. The company has a market cap of $5.25 billion, a price-to-earnings ratio of 26.55, a price-to-earnings-growth ratio of 2.82 and a beta of 1.00. Terreno Realty Co. has a fifty-two week low of $50.44 and a fifty-two week high of $71.63. The firm's fifty day moving average is $64.96 and its 200-day moving average is $62.99. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.23 and a current ratio of 0.23.
Terreno Realty (NYSE:TRNO - Get Free Report) last announced its quarterly earnings data on Wednesday, February 5th. The real estate investment trust reported $0.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.38 by $0.24. Terreno Realty had a return on equity of 5.20% and a net margin of 48.18%. On average, analysts anticipate that Terreno Realty Co. will post 2.64 EPS for the current year.
Terreno Realty Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Friday, April 4th. Shareholders of record on Thursday, March 27th were paid a dividend of $0.49 per share. The ex-dividend date was Thursday, March 27th. This represents a $1.96 annualized dividend and a yield of 3.85%. Terreno Realty's payout ratio is 102.08%.
Analyst Upgrades and Downgrades
A number of brokerages have commented on TRNO. The Goldman Sachs Group upgraded Terreno Realty from a "neutral" rating to a "buy" rating and boosted their price objective for the stock from $65.00 to $77.00 in a research note on Friday, February 21st. BMO Capital Markets increased their price objective on shares of Terreno Realty from $71.00 to $73.00 and gave the company a "market perform" rating in a research report on Wednesday, February 12th. Piper Sandler lowered shares of Terreno Realty from an "overweight" rating to a "neutral" rating and dropped their price objective for the company from $78.00 to $61.00 in a research note on Monday. Barclays lowered their price target on shares of Terreno Realty from $60.00 to $57.00 and set an "equal weight" rating for the company in a report on Tuesday, March 25th. Finally, Scotiabank cut their price objective on shares of Terreno Realty from $68.00 to $57.00 and set a "sector perform" rating on the stock in a report on Monday. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $66.55.
View Our Latest Stock Report on TRNO
Terreno Realty Company Profile
(
Free Report)
Terreno Realty Corporation (Terreno, and together with its subsidiaries, the Company) acquires, owns and operates industrial real estate in six major coastal U.S. markets: Los Angeles, Northern New Jersey/New York City, San Francisco Bay Area, Seattle, Miami, and Washington, DC All square feet, acres, occupancy and number of properties disclosed in these notes to the consolidated financial statements are unaudited.
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